Lake City city, Minnesota Demographics & Population 2026
As of 2026, Lake City city, Minnesota has a total population of 5,021, the 149th largest city in Minnesota, with a median household income of $76,125, which is 13% lower than the state average. The poverty rate is 6.5%.
Key Takeaways
- Near full employment with an unemployment rate of just 0.4%.
Lake City city Quick Facts
How Lake City city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Lake City city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Wabasha County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Plainview city | 3,501 | $69,800 | 14.9% | $230,600 |
| Wabasha city | 2,569 | $62,016 | 9.8% | $212,800 |
| Elgin city | 1,147 | $87,000 | 6.5% | $218,200 |
| Mazeppa city | 948 | $88,929 | 12.7% | $231,200 |
| Kellogg city | 438 | $68,438 | 5.9% | $166,800 |
| Millville city | 267 | $90,938 | 3.0% | $144,300 |
| Bellechester city | 234 | $59,375 | 12.6% | $194,400 |
| Zumbro Falls city | 176 | $91,458 | 1.1% | $246,400 |
| Hammond city | 125 | $50,000 | 9.6% | $139,600 |
Cities Similar to Lake City city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| La Crescent city | 5,266 | $82,109 | $244,500 | 35.7% | 5.7% |
| Luverne city | 4,907 | $66,145 | $181,100 | 29.9% | 9.6% |
| Becker city | 4,958 | $90,188 | $257,600 | 21.2% | 5.6% |
| Oak Park Heights city | 4,782 | $84,639 | $333,600 | 38.4% | 5.5% |
| Morris city | 5,092 | $63,807 | $185,200 | 36.6% | 15.6% |
Population Overview
Lake City city is a small city located in Minnesota, within Wabasha County. The total population is 5,021. It ranks as the 149th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Lake City city is 48.4 years. This is 25% higher than the state median of 38.6 years. 14.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Lake City city is $76,125. This is 13% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 3% lower. The poverty rate stands at 6.5%. This is 30% lower than the state poverty rate of 9.2%. The unemployment rate is 0.4%. This is 90% lower than the state rate of 3.9%. The median home value is $234,100. Housing costs are 23% lower than the state median of $305,500. The home-value-to-income ratio is 3.1x. 78.8% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 72.4%.
Race & Ethnicity
Lake City city has a predominantly White (non-Hispanic) population, comprising 92.7% of all residents. Asian residents account for 1.6%. The Black or African American population (1.0%) is well below the state average of 6.7%. The Hispanic or Latino population (1.2%) is well below the state average of 6.2%. The Asian population (1.6%) is well below the state average of 5.0%.
Education
32.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 18% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.8%.
Data Sources & Methodology
All demographic data for Lake City city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Lake City city, Minnesota?
Lake City city, Minnesota has a population of 5,021 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lake City city, MN?
The median household income in Lake City city is $76,125, which is 3% lower the national median of $78,538.
What is the poverty rate in Lake City city, MN?
The poverty rate in Lake City city is 6.5%. This means approximately 317 residents live below the federal poverty line.
What is the racial makeup of Lake City city, Minnesota?
Lake City city's population is 92.7% White, 1.0% Black, 1.2% Hispanic/Latino, and 1.6% Asian.
What is the median home value in Lake City city, MN?
The median home value in Lake City city is $234,100. The home-value-to-income ratio is 3.1x.
How educated is Lake City city, Minnesota?
32.0% of adults (25+) in Lake City city hold a bachelor's degree or higher, and 13.9% hold a graduate or professional degree.